Wednesday, February 22, 2012

2011 Not a Good Year for Somali Pirates

The increased security measures, to include armed security teams aboard ship, have forced the Somali pirates to travel farther to plunder cargo ships passing along Somalia's coast. There is a booming business in providing maritime security to cargo ships.  Successful attacks along the Somali coast and in the Gulf of Aden have decreased while successful attacks in the Arabian Sea have increased. However, piracy is still costing the shipping industry loads of money. Read more in "Somali pirates take more risks and rethink tactics", The Guardian, February 21, 2012.

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